https://commercialobserver.com/2024/04/yellowstone-1740-broadway-blackstone/
Shocking, a building "valued" at $605 million, just changed hands for $185 million. Given the fact that Trump was just convicted of fraud based almost entirely on the prosecutions opinions of the values of Trumps real estate holdings, I think we can conclude a couple of things.
1. Real estate values aren't either static or simplistic. The only true way to value real estate is to sell it, anything else is an estimate.
2. If over or undervaluing real estate is fraudulent, then the NY DA needs to start filing cases because there are a bunch of buildings in NY that are overvalued and have loans against them.
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